While Chloé has become the first luxury fashion brand to achieve B Corp certification, brands are seeking for official proof of their commitment. Allbirds , Patagonia and EILEEN FISHER, INC. became certificated brands last march. Administered by nonprofit B Lab, B Corp PL is one of the most demanding certifications that evaluates brands’ social and environmental impact, with over 300 questions on governance, workers, communities and impact on the environment.
Throwback on a topic passed from a #greenwashing trend to a real requirement, even into the fashion industry which might be the most polluting industry in the world.
✌️ SUSTAINABILITY DRIVES BUSINESS & GENZ APPRECIATION
Studies report that #GenZ along with #Millennials are the most likely to make purchase decisions based on values and principles (personal, social, and environmental) : 73% of Gen Z consumers surveyed were willing to pay more for sustainable products. As an example, the #sustainablebrand gathers over 4.9M views on TikTok.
💻 SCALED SUSTAINABILITY TOOLS
Becoming a real issue, luxury companies are looking for partners and tools helping them to choose the right provider in line with their values & commitments. Speaking of which, Vertru Technologies, a startup founded by Jag Gill , and accelerated by the La Maison des StartUps LVMH developed a data solution that drives transparency, scale and sustainability in global supply chains.
🌿 PRODUCTION ON-DEMAND
Years and years of fast fashion & overproduction pushed brands to change their practices and to offer on-demand collection production setting up fixed rendezvous to their clients and kindle the desire while respecting the environment.
♻️ CIRCULAR CONSUMPTION
Reacting to the second hand market which already represents a $24 billion today, luxury brands seize the opportunity of a smart revolution & communication: resale or recycling.
Encouraging creative initiative, SUSTAINABILITY IS ANYTHING BUT BORING!
BE A FUTURE MAKER! ➡️ ask us for the full report (firstname.lastname@example.org) and get direct access to the GenZ hearts! 💚